By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

All 1422 Articles

Hays: Recruiter slump not yet over as fees and headcount continue to drop

October 11, 2024

Recruiter Hays has reported yet another fall in fees as it struggles amid a sharp downturn in the market. Group net fees, a key performance indicator in the recruitment sector, fell by 14 per cent year on year in the three months to 30 September, with fees in the UK and Ireland down by 20 [...]
Hospitality needs a magic spark of confidence to boom, brewery boss says

October 10, 2024

The boss of Britain’s oldest brewer, Faversham-based Shepherd Neame, has suggested that the hospitality industry is nearly ready for a return to a boom period, but only is we serve up a spark of confidence. Neame suggested that if fundamentals remain strong and mortgages continue to fall, consumer spending on hospitality would follow a similar [...]
The Light: Leisure and cinema chain backed by Luke Johnson

October 10, 2024

Seasoned investor Luke Johnson has backed leisure and cinema company The Light in yet another sign that the competitive socialising sector is heating up. Revolution Bars’ newly-appointed chair has acquired The Light – which operates an entertainment model including bowling alleys, mini golf and cinemas – along with a co-investment from cinema and leisure investors Melcorpo. [...]
Financial Times battles misinformation and rising costs as readership drops

October 10, 2024

The number of people picking up a physical copy of the Financial Times has dropped amid the title battling rising costs – including hiring more journalists. The broadsheet said its operating profit fell by £4.56m year on year, from £13.41m to £8.95m, in newly-filed accounts with Companies House. The dip was “in part the result [...]
Renters set for more tough times as house sales strengthen

October 10, 2024

The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
River Island ‘positive’ about future despite £30m losses

October 10, 2024

High street retailer River Island has slipped into the red with a £30m loss before tax as it struggles to hold up against online competition and rising costs. The company reported a loss before tax of £32.3m in 2023, down from profit of £7.5m in 2022, according to newly-filed accounts with Companies House. Turnover fell [...]
London landlord GPE benefits from better investment conditions

October 10, 2024

GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
Stefano Cantino: Who is Gucci’s new boss tasked with turning the luxury brand around?

October 9, 2024

First Mulberry, then Burberry, and now Gucci – reshuffles at the very top of luxury businesses are definitely in vogue. Gucci, owned by Kering, has announced the appointment of Stefano Cantino as its new chief executive. He will take over from interim boss Jean-Francois Palus on 1 January 2025. Much like Mulberry and Burberry’s new [...]
Landlords stay put ahead of Renters’ Rights Bill

October 9, 2024

Fears of a landlord exodus following the introduction of new renter-friendly legislation may be overblown, according to fresh data. The predicted rush of rental properties being put up for sale hasn’t materialised, with the number of properties on the sales market down by nearly a fifth between June and September this year, according to research [...]
1,500 City of London retailers set for surprise tax cut after ruling

October 9, 2024

More than 1,500 retail shops in the City of London could see their tax bill slashed after a tribunal ruled a Cheapside store was paying too much in business rates. The Valuation Tribunal for England ruled that the rateable value applied to the main space of a City of London shop by the Valuation Office [...]

Ex-Google executive puts AI hiring under scrutiny

Sir James Dyson buys 50 per cent stake in top flight English sport club

Pairing wine with spicy food at London restaurants KOL and Gunpowder

By: Amber Murray

All 1422 Articles

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